Somalia has banned Dubai ports operator DP World from operating in Somalia, saying that a contract that the company signed last year with the breakaway Somaliland region to develop an economic zone is null and void. It is unclear how Somalia's…
A methanol plant in the Libyan oil port of Brega has stopped operations after an accidental explosion caused by a gas leak, an official said on Tuesday. The plant will remain shut until safe operations can be guaranteed, but it was not clear how long this would take…
The migrants bolted across a street and clambered over a fence into the Greek port at Patras, scouting around for trucks to stow away in. Dozens at a time scaled a 2-km stretch of fence one afternoon last week, playing cat-and-mouse with…
India's ambition to become a major steel exporter could be disrupted by U.S. import curbs, Steel Minister Chaudhary Birender Singh said, underscoring the need for free trade. 'Our exports have increased substantially, about 40 percent growth during January to December (2017)…
The Port of Oakland released a new 5-year strategic plan today that pairs business expansion with community benefits. Called “Growth with Care,” the plan envisions more jobs and economic stimulus as the Port grows. “We can grow, but we want our neighbors to grow with us…
Danish shipping group A.P. Moller-Maersk's is betting on winning new customers for its port division by becoming a one-stop shop that can transport goods from factory to retailers' shelves. The move comes as Maersk, the world's biggest container shipper…
Newly published research shows that U.K. ports and terminals have an estimated £1.7 billion ($2.36 billion) of port infrastructure investment in the development pipeline. The research is part of the British Ports Association’s ‘Port Futures’…
2018 started with TEN operating the largest fleet in its 25 year history, 77% of which in secured contracts averaging 2.7 years with minimum secured revenues of $1.3 billion, said a press statement from the Greece-based company Of the vessels under those fixed contracts…
Navios Maritime Partners, an owner and operator of drybulk and container vessels, announced today that it agreed to acquire a 2005-built Panamax Vessel for $12.95 million, with delivery expected in March 2018. It also announced that its board of directors has adopted a distribution policy of $0…
Seaspan Shipyards demonstrates its capabilities with liquefied natural gas (LNG) vessel engine conversions in the wake of a major project milestone. Victoria Shipyards (VSL) was selected by TOTE Maritime Alaska to carry out the yard production…
Responders Tracking Containers Lost off North Carolina The U.S. Coast Guard, NOAA and Environmental Protection Agency are monitoring the tracking and assessment of more than six dozen stray cargo containers lost due to high winds and heavy seas about 17 miles off Oregon Inlet…
U.S. Commerce Secretary Wilbur Ross will speak with European Union representatives about lowering tariffs against the United States, President Donald Trump said on Monday.'Secretary of Commerce Wilbur Ross will be speaking with representatives…
Maersk said the remains of three of four missing crew members have been found aboard the Maersk Honam after a fire broke out in one of the vessel’s cargo holds last week.The search for the fourth crew member continues on board, though the search at sea has been suspended…
Subsea 7 S.A. announced the award of a contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan.Under the terms of this five year agreement…
Shipping should start to prepare itself for a future where total emphasis will be placed on the efficient and digitised movement of goods along the supply chain rather than on the individual components of the chain such as the ships themselves…
